Here comes the other economic shoe dropping...

[Coito ergo sum]

Stocks to drop another 20%, and best place to keep your money is cash: http://www.cnbc.com/id/37259541

US Stocks plunging again... http://www.bloomberg.com/apps/news?pid= ... mnQEVIxe48

US Unemployment rate up to 9.9% and new claims are up with 471,000 new unemployment compensation applicants this past week: http://news.yahoo.com/s/ap/20100520/ap_ ... Vzc2NsYWlt

US drops out of lead in most competitive economies rankings: http://news.yahoo.com/s/ap/20100521/ap_ ... BvcmVob24-

Dow Index Suffers Biggest Drop in More than a Year: http://news.yahoo.com/s/afp/20100520/ts ... 5kZXhzdWZm

Leading economic indicators decline in April: http://news.yahoo.com/s/ap/20100520/ap_ ... 5naW5kaWM-

Key economic indicators point to US economy losing steam: http://news.yahoo.com/s/afp/20100520/bs ... NpbmRpY2F0

Markets Indicating "Flight to Liquidity": http://news.yahoo.com/s/nm/20100520/bs_ ... lzZ3Jvcw--

Hidden inflation is surging: If you remove housing costs (which are dropping like stones) from the consumer price index, inflation looks positively resurgent. In January, the CPI was up an annualized 5.8%, excluding owners-equivalent rent, which is a rough proxy for housing costs. http://www.dailymarkets.com/economy/201 ... g-screwed/

The outlook for nonresidential construction is bleak. Vacancy rates are well above historical norms, while prospects for absorption and rising lease rates are dim in the near term. Here we expect continued declines through year-end, setting the stage for a rebound in 2011.

FTSE Slips 100 on Weak US Jobs Data: http://news.yahoo.com/s/afp/20100520/wl ... Awc2xpcHM-

Mortgage Delinquencies Dragging US Economy: http://news.yahoo.com/s/ap/20100519/ap_ ... FnZWRlbGk-

Loan Demand to Buy Homes Slip to 13 Year Low: http://news.yahoo.com/s/nm/20100519/bs_ ... RlbWFuZHRv

Tourism industry drops: http://economictimes.indiatimes.com/New ... 293633.cms

[Gawdzilla Sama]

You really should wank more.

[Coito ergo sum]

You really should wank more.

LOL -- and, I haven't even gotten to Europe and China yet. The world is teetering....

We'll all be out of money and options soon, so wanking will be the only thing we'll have left to do.

[Clinton Huxley]

The Euro is finished. The continent will be forced to adopt sterling.

[Trolldor]

[Gawdzilla Sama]

You really should wank more.

LOL -- and, I haven't even gotten to Europe and China yet. The world is teetering....

We'll all be out of money and options soon, so wanking will be the only thing we'll have left to do.

The world won't go away. The worst that will happen is we'll have less money to spend on toys. And that's not a bad thing, IMNSHO.

[owtth]

The Euro is finished. The continent will be forced to adopt sterling.

Back to the Gold Standard old boy

[Feck]

The Euro is finished. The continent will be forced to adopt sterling.

that's SIR ! Sterling

[Mysturji]

The Euro is finished. The continent will be forced to adopt sterling.

...But in typical foreigner fashion, the Pound will be renamed the Kilo (at an exchange rate of 2.2 pounds to the kilo), we'll have to start driving on the right (gradually, starting with lorries and busses), tea will be abolished and coffee will become all frothy and fiddled-about-with.

[Clinton Huxley]

It is time these damned upstart continentals realised that Blighty does not stop at the English Channel.

[Coito ergo sum]

That's a pile of bullshit if I ever heard one.

Nothing bad has happened? Talk about the record numbers of people in mortgage default. Talk about the record number of people who have lost their homes to foreclosure. Talk about the 9.9% unemployment rate in the US and the 10.6% in Ireland and the 17% in Spain....the 8.8% in France...and the 8.3% (and rising) unemployment rate in the European Union overall.

Talk about the record losses in people's U.S. 401k Plans and IRA's (or equivalent retirement savings accounts in other countries). People lost 30%, 40% and 50% - and more - of their savings due to the stock plunges. Talk about the people who have had to take record numbers of loans and early withdrawals from those plans, and suffer penalties.

Nothing real has happened? It's all just paper bets between big bankers? What a load of ignorant shit that was.

[Gawdzilla Sama]

It is time these damned upstart continentals realised that Blighty does not stop at the English Channel.

[Rum]

That's a pile of bullshit if I ever heard one.

Nothing bad has happened? Talk about the record numbers of people in mortgage default. Talk about the record number of people who have lost their homes to foreclosure. Talk about the 9.9% unemployment rate in the US and the 10.6% in Ireland and the 17% in Spain....the 8.8% in France...and the 8.3% (and rising) unemployment rate in the European Union overall.

Talk about the record losses in people's U.S. 401k Plans and IRA's (or equivalent retirement savings accounts in other countries). People lost 30%, 40% and 50% - and more - of their savings due to the stock plunges. Talk about the people who have had to take record numbers of loans and early withdrawals from those plans, and suffer penalties.

Nothing real has happened? It's all just paper bets between big bankers? What a load of ignorant shit that was.

He is a comedian. Its a comedy show.

[Coito ergo sum]

You really should wank more.

LOL -- and, I haven't even gotten to Europe and China yet. The world is teetering....

We'll all be out of money and options soon, so wanking will be the only thing we'll have left to do.

The world won't go away. The worst that will happen is we'll have less money to spend on toys. And that's not a bad thing, IMNSHO.

And, less to spend on, oh, things like "retirement."

Wow, how things have changed in 2 years. I didn't hear anyone claiming, 2, 3, 4 or 5 years ago that the "worst that will happen is that we'll have less money to spend on toys, and that's not a bad thing." Wow.... I guess everything is all good then. Just a few fewer toys, that's all. No biggie.

[Trolldor]

He was talking about what caused it, not what it caused.

Coito missed that very important point.